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115 W Lyndale Avenue

Vincennes, IN, 47591

  • Price $300,000
  • Beds8
  • Baths4
  • Sq. Ft.3450
  • MLS #202435687
INVESTMENT PROPERTY featuring 2 duplexes with 4 units. Each unit is 2 bedrooms 1 bath with 890 square feet of living space. There are lots of recent updates that were made to some of the units. Both buildings are combined as 1 parcel. This is a great source of income where an investor can capture 4 units at 1 location. Built in 1984. All units have separate utilities that the tenants pay. 2 units have in unit laundry and 2 do not. There is off street parking in the back of the building for the rear units. Total combined monthly net income on this property is $3030. Taxes and Insurance yearly are approximately $4800 combined. All units are fully occupied, in 2 units the tenants have lived here over 3 years. Property address: Front building 115 & 117 W Lyndale Avenue, Rear Building is 119A & 119B.
Bedrooms
8
Style
One Story
Bathrooms
4
County
Knox County
Lot Size
0.2700
Year Built
1984
Sq, ft. finished
3,450sq. ft (approx.)
Sq, ft. total
3450sq. ft (approx)
Subdivision
Tindolf & Greens
Insurance
1876.00
Annual Taxes
$2,924
Association Dues
0.00
District
Vincennes Community School Corp.
Elementary
Tecumseh-Harrison
Middle School
Clark
High School
Lincoln
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Brian Waters of Mentor Listing Realty, Inc., 214-924-0450.

    Cameron Engstrom

    Realtor
    Cell: (812) 830-0019

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Frequently asked questions

Why does the mortgagee sometimes require a Survey of the property?
Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.

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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: November 21, 2024, 4:00 am
IDX information provided by the Indiana Regional MLS